SOL Tends a Declining Pace

Solana Price Prediction – June 27
There has been a change in the SOL/USD market operations as the crypto economy portends a declining pace. In the last hours, the price has been from $41, keeping a negative percentage rate of 2.06 to trade at $38.

Solana (SOL) Statistics:
SOL price now – $38.58
SOL market cap – $13.3 billion
SOL circulating supply – 342.77 million exactly
SOL total supply – 511.6 million
Coinmarketcap ranking – #9

SOL/USD Market
Key Levels:
Resistance levels: $50, $55, $60
Support levels: $25, $20, $15

SOL/USD – Daily Chart
The daily chart showcases that the SOL/USD market portends a declining pace around the bearish trend line drawn in conjunction with the smaller SMA at the tail end. The 14-day SMA indicator is underneath the 50-day SMA indicator. The Stochastic Oscillators are in the overbought region, trying to cross southbound within. In the recent trading operations, a series of candlesticks have emerged, showcasing lower highs to have reached a notable peak at the rate of that trading outlook.

Is it yet the time to go for short orders in the SOL/USD market operations?

It is currently obtainable the SOL/USD market portends a declining pace. There has been a minor sell signal to warrant an ideal time to begin shorting orders in the SOL/USD market, provided the motion will not be reversed, especially against a resistance point around the $41. Long-position takers should suspend the execution of buying orders for a while. Price may have to reverse to its previous low-value line for a touch to nudge the market back into an upward trend for a start afterward.

On the downside of the technical analysis, the resistances between $41 and $50 will play a role in deciding a sudden fearful breakout to elongate the upward journey the crypto market has begun lately on a lighter mode. In the absentia of that assumption, those resistant-trading value lines may, for some time, serve as the overhead barriers against getting more surges in the subsequent transactions.

SOL/BTC Price Analysis

In comparison, the trending capacity of Solana has begun to find some stances against Bitcoin. To that end, the cryptocurrency pair has reached a peak resistance spot, making it portends a declining pace for downward trend resumption. The 14-day SMA indicator is underneath the 50-day SMA indicator. The Stochastic Oscillators are in the overbought region, trying to cross southbound closely to the range of 80. There has been a price convergence around the bigger-SMA trend line, signifying the base crypto is on the verge of losing some of the stances gained earlier to the trending power of its counter-trading crypto.

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